5125 E Waverly Drive B11, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
ACTIVE$269,900
5125 E Waverly Drive B11, Palm Springs, California 92264
2Beds
2Baths
887Sqft
887Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: The property allows for 5-day short-term rentals (to be verified), presenting an excellent opportunity for investors or as a lucrative vacation retreat in Palm Springs.
Top Cons:
High Association Fees: The monthly association fee of $506.0 is substantial, adding a significant ongoing cost to ownership for an 887 sqft unit.
Compared to the nearby listings
Price:$269.9K vs avg $439.4K ($-169,550)8%
Size:887 sqft vs avg 1,307 sqft15%
Price/sqft:$304 vs avg $33832%
More Insights
Built in 1978 (47 years old).
Condition: The property, built in 1978, is over 45 years old. While it appears well-maintained, the kitchen features dated white appliances, original-style dark wood cabinets, laminate countertops, and an old fluorescent light fixture. The bathrooms have seen some cosmetic updates (e.g., painted vanities, newer faucets) but retain older integrated sinks and standard tub/shower surrounds, indicating they are functional but not modern. The interior also shows older carpeting and popcorn ceilings. These elements suggest the home is aged but maintained, with major components functional but outdated, aligning with the 'Fair' condition criteria.
Year Built
1978
Close
-
List price
$270K
Original List price
$300K
Price/Sqft
$304
HOA
$506
Days on market
-
Sold On
-
MLS number
219135040DA
Home ConditionFair
Features
Good View: Park/Greenbelt, Pool, Trees/Woods
Patio
ViewPark/Greenbelt, Pool, Trees/Woods
About this home
Charming 2-Bed, 2-Bath in Palm Canyon Villas ...Welcome to this inviting condo offering a warm and comfortable layout. Both bedrooms are spacious, and the bathrooms are nicely finished for everyday ease. The home features in unit washer and dryer, an assigned carport space, and a private patio overlooking peaceful green space. Located just steps from one of the sparkling community pools, this property is ideal for enjoying resort-style living. Residents also have access to spas, tennis courts, and more.Currently, 5-day short-term rentals are allowed (to be verified with the City of Palm Springs), making this an excellent weekend retreat or investment opportunity. Set on FEE land with no lease payments, the condo is conveniently close to shopping, restaurants, services, and Palm Springs International Airport--offering both comfort and incredible convenience. Come see it !
Nearby schools
4/10
Cahuilla Elementary School
Public,•K-5•2.9mi
4/10
Raymond Cree Middle School
Public,•6-8•4.4mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
6/10
Palm Springs High School
Public,•9-12•2.4mi
Condition Rating
Fair
The property, built in 1978, is over 45 years old. While it appears well-maintained, the kitchen features dated white appliances, original-style dark wood cabinets, laminate countertops, and an old fluorescent light fixture. The bathrooms have seen some cosmetic updates (e.g., painted vanities, newer faucets) but retain older integrated sinks and standard tub/shower surrounds, indicating they are functional but not modern. The interior also shows older carpeting and popcorn ceilings. These elements suggest the home is aged but maintained, with major components functional but outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Investment Potential: The property allows for 5-day short-term rentals (to be verified), presenting an excellent opportunity for investors or as a lucrative vacation retreat in Palm Springs.
Resort-Style Amenities: Residents enjoy access to multiple sparkling community pools, spas, and tennis courts, fostering a desirable resort-style living experience.
Fee Land Ownership: The condo is set on FEE land, eliminating lease payments which is a significant financial advantage and highly sought after in the Palm Springs market.
Prime Location & Convenience: Conveniently located close to shopping, restaurants, services, and Palm Springs International Airport, offering exceptional accessibility.
Private Outdoor Space & Views: Features a private patio overlooking peaceful green space, providing a pleasant outdoor area with desirable park/greenbelt, pool, and trees/woods views.
Cons
High Association Fees: The monthly association fee of $506.0 is substantial, adding a significant ongoing cost to ownership for an 887 sqft unit.
Age of Property: Built in 1978, the property is over 45 years old, which may imply potential for dated systems, finishes, or future maintenance requirements not explicitly addressed in the description beyond 'nicely finished bathrooms'.
Price Reduction History: Multiple price reductions from the original list price of $299,999 to $269,900 suggest initial overpricing or challenges in attracting buyer interest at higher price points.